CEE real estate developer Karimpol has announced that it is poised to start the second phase of development of its Equator office project in Warsaw. The development, providing some 21,000 m[sup]2[/sup] of modern A-class office space, has already been granted a building permit. Construction work will be carried out by Zenith Real, a subsidiary of the Karimpol Group. The first tenants are planned to move in at the end of 2011, Karimpol said.
CEE real estate developer Karimpol has announced that it is poised to start the second phase of development of its Equator office project in Warsaw. The development, providing some 21,000 m2 of modern A-class office space, has already been granted a building permit. Construction work will be carried out by Zenith Real, a subsidiary of the Karimpol Group. The first tenants are planned to move in at the end of 2011, Karimpol said.
The construction of Equator's Phase II will start with no pre-lease requirement, according to Martin Prokes of the Karimpol Group. 'This is an important but rare step on the Warsaw and wider CEE market, and represents a growing level of confidence in market conditions into 2011 and beyond,' he added.
JLL was hired as exclusive leasing agent for the property, which will have 12 floors and four underground levels offering 250 parking spaces.
